QUESTION 83 Once a customer has evaluated alternatives and made a choice, three basic issues are left: where to buy, how to pay for it, and: a. how to lower risk. b. what options are available. c. what is the rationale for purchase. d. when to buy it.
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
QUESTION 83
Once a customer has evaluated alternatives and made a choice, three basic issues are left: where to buy, how to pay for it, and:
a.
how to lower risk.
b.
what options are available.
c.
what is the rationale for purchase.
d.
when to buy it.
QUESTION 84
You are working in the marketing area of a large firm, and the CEO has just expressed her anger at the
a.
The team could have gotten a better definition of what the CEO wanted to know before beginning the research
b.
The team could have hired an outside agency to do the research instead of doing it themselves.
c.
The team could have started at the end and worked backwards to the beginning.
d.
The team could have designed the research better in order to get better qualitative and quantitative information.
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